Recessions

904 Chapter 31 MAIN IDEA WHY IT MATTERS NOW TERMS & NAMES ECONOMICS An economic depression in the United States spread throughout the world and lasted for a decade. Many social and economic programs introduced worldwide to combat the Great Depression are still operating. ? coalition government ? Weimar Republic ? Great Depression ? Franklin D. Roosevelt ? New Deal 2 SETTING THE STAGE By the late 1920s, European nations were rebuilding war- torn economies. They were aided by loans from the more prosperous United States. Only the United States and Japan came out of the war in better financial shape than before. In the United States, Americans seemed confident that the country would continue on the road to even greater economic prosperity. One sign of this was the